by VDT Attorneys | Aug 29, 2025 | Corporate Advisory Team, Mergers and Acquisitions Team, Tax Advisory Team
The Eighth Schedule of the Act provides for a broad definition of an “asset”, but it does not include currency as an asset. In terms of section 24BA(1), this means that the section is not applicable where shares are issued for cash. The section does, however, apply to...
by VDT Attorneys | Aug 29, 2025 | Local government elections, Local Government: Municipal Systems Act, Municipal elections, Municipal staff to hold political office
In August 2022, the Local Government: Municipal Systems Amendment Act 3 of 2022 (Amendment Act) was assented to and took effect from November 2022, which inserted section 71B into the Systems Act. Section 71B, is headed “Limitation of political rights” and reads as...
by VDT Attorneys | Aug 29, 2025 | Dismissal, Fraud, Ghost employee, Password safety, Passwords
This case involved so-called ‘ghost’ employees and employees from the Gauteng Department of Education (“Department”) that had allegedly been involved in establishing these ghost employees and benefitting from it.The complaint by the Department was that the employees...
by VDT Attorneys | Aug 29, 2025 | CCTV, Sectional Title Scheme, Sectional Titles Act, Surveillance
The Sectional Titles Act 95 of 1986 plays an essential role in regulating the incidents related to individual ownership in sections or units of a scheme, as well as joint ownership of common property, which are managed by the Body Corporate.To better understand this,...
by VDT Attorneys | Aug 29, 2025 | Bond, Mortgage, Mortgage bond, Personal servitudes, Praedial servitudes, Servitude
What is a servitude?Before delving into the impact on mortgages, it is important to understand what a ‘servitude’ is. A servitude is a limited real right that places a restriction on movable or immovable property by restricting the rights, powers, or liberties of the...
